Bank of West Durham (Durham, NC)

Episode Information

Episode UID
66073671580
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6607367 routing
Routing Number
66-0736
Start Date
August 20, 1931
Location
Durham, North Carolina (35.994, -78.899)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
98aaee68673217c1

Response Measures

None

Description

OCR errors in Article 1; meaning preserved (frozen assets cited as cause).

Events (2)
1. August 20, 1931 Receivership
Newspaper Excerpt
banking combeen and has advised that agent would arrive ... to take charge ... will be liquidated
Source
newspapers
2. August 20, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Frozen assets prevented the bank from opening for business; bank closed and liquidation was indicated.
Newspaper Excerpt
BANK OF WEST DURHAM FAILS TO OPEN DOORS ... Due to frozen assets, the Bank ... closed its doors today.
Source
newspapers

Newspaper Articles (2)
1. August 20, 1931 The Durham Sun Durham, NC
Article from The Durham Sun, August 20, 1931

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Article Text

BANK OF WEST DURHAM FAILS TO OPEN DOORS Frozen Assets Given as Cause of Failure of Small Institution in City Due to frozen assets, the Bank of the fringes of the closed its doors today. P. banking combeen and has advised that agent would arrive from later the take day charge. vember. Its total resources are listed with capital stock and deposits John president of the Vice presidents Davis and are M. Smith is on the bank which took place year given the cause of the bank's failure to open for business Since that time the has been but had an fight, Mr. Smith stated this morning In his the will be liquidated without to

2. September 17, 1931 The Chatham Record Pittsboro, NC
Article from The Chatham Record, September 17, 1931

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Article Text

FOUR CHANGES IN BANK STATUS IN SEPT. Sept. four the status of North changes Carolina State banks were corded in August the office of of Banks GurHood. Including suspenof two banks, reopening one and establishing new The Elon Banking Trust Elon College, and the Bank of West Durham, West Durham, last month. The suspended Bank of Black Mountain was and Greenville Bankopened, Trust Greenville tablished bank Hood Grimesland, reports. declined for opening to Montgomanother grounds that needed. The another and Page Trust over at Montliquidating which and congomery, Trey. Citito operat at tinuing the tenative of Troy made zens permission request bank. ganize and open